Contact
Site: amptoken.org
Expert Review
Jun 01, 2021

Amp is the evolution of Flexacoin ($FXC). Amp is a digital collateral token designed to facilitate fast and efficient value transfer, especially for use cases that prioritize security and irreversibility.

As collateral, Amp insures the value of any transfer while it remains unconfirmed—a process which can take anywhere from seconds to hours to days. Amp tokens used as collateral are generally released when consensus for a particular transfer is achieved, making them available to collateralize another transfer. In the event that consensus is not achieved for the transfer, the Amp collateral can instead be liquidated to cover losses.

Flexa uses Amp to secure transactions and build networks that accrue value both securely and transparently.

At the core of the Amp collateral model is the concept of the collateral partition. Collateral partitions represent subsets of Amp tokens that provide collateral for particular purposes, and are distinguished on the Ethereum blockchain with unique partition addresses. Each collateral partition can be endowed with its own set of rules regarding transfer hooks and privileges, and can also implement a predefined partition strategy in order to enable special capabilities (e.g., collateral models in which tokens are staked without ever leaving their original address).

On Tuesday, September 8, 2020, Flexacoin ($FXC) became available to migrate to Amp ($AMP). See the official announcement.

banner-image
Write review
Rating
Please choose your rating.
Your review

Leave your review about Amp (AMP) here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews

Here are no reviews yet. Be the first!

Site: amptoken.org
Similar companies
Bella Protocol is described to be a set of DeFi products for one-click crypto banking. The project's goal is to accelerate DeFi adoption among mass users by providing a full-suite of DeFi products, including automated yield farming tool, lending protocol, 1-click savings account, customized robo-advisor, and more with elegant design and smooth user experience. It is claimed that the core concept of Bella product design is 1-Click - which aims to condense information into actionable plans, automate everything possible, and cater to both new and experienced users.
SWFT Blockchain is a cross-chain wallet, exchange, and payments platform powered by Swftcoin (SWFTC) that allows users to swap, trade, pay with and share hundreds of cryptocurrencies.
Kyber Network is a Decentralized cryptocurrency exchange based in the N/A. The exchange was launched in 2018. Its reported volume is about 2161230 $ as for 8 October 2019. Kyber Network has 57 available trading pairs and 74 coins. Deposits are Free on the exchange. Kyber Network doesn't have Fiat de...